Regulators Adapt to the Sharing Economy

By Matt Kelly The so-called “sharing economy” has revolutionized the way people travel, lodge, eat, and work through companies such as Uber, Lyft, Airbnb, and OpenTable. Buyers and sellers are increasingly transacting on online platforms that use a mix of demand pricing, reputation mechanisms, and computer algorithms to match users. This innovation represents a dramatic challenge … Continue reading Regulators Adapt to the Sharing Economy

Taxis and Ridesourcing Companies Serve Different Customers

By Matt Kelly Uber, Lyft, Sidecar, and other “ridesourcing” services have been the subject of a near continuous stream of popular news stories, lawsuits, protests, and even regulatory reforms across the world. The reporting has often bordered on sensationalism, but a handful of recent economic studies have tried to objectively examine the effects of “ridesourcing” … Continue reading Taxis and Ridesourcing Companies Serve Different Customers

New Study Sheds Light on Ridesharing’s Labor Market

By Matt Kelly Few economic issues have been more talked about this year than the disruptive forays into the taxi market by ridesharing technology companies like Uber and Lyft. It seems reasonable to assume ridesharing drivers are of the same ilk as traditional taxi drivers, yet little academic research has been done...until now. A recent … Continue reading New Study Sheds Light on Ridesharing’s Labor Market

FSU Students Learn about Emerging Sharing Economy

By Katie Dawson Last month, the DeVoe L. Moore Center had the opportunity to  co-sponsor a one-day conference with the Foundation for Economic Education (FEE) at Florida State University. FEE is an organization dedicated to educating individuals on free-markets and economics in a way that is both easily digestible and interesting. On February 28, their … Continue reading FSU Students Learn about Emerging Sharing Economy

Florida Legislators Seek To Clarify Ridesharing Regulations

By Matt Kelly The ridesharing technology company Uber has created quite a controversy overthe past year for its unprecedented disruption of the traditional taxi industry. Users praise the California-based company for shorter wait times and cheap fares, along with features like its driver rating system. Given the mobile app’s popularity with customers, many are now … Continue reading Florida Legislators Seek To Clarify Ridesharing Regulations

New Study Tests the Merits of Surge Pricing

By Matt Kelly As Uber, Lyft and other “ridesharing” services continue to revolutionize the urban transportation landscape, more complaints are surfacing questioning the efficiency and fairness of the innovative services they provide. One of the more recent is “surge pricing,” the idea that services provided during peak periods carry a higher charge or fee. A … Continue reading New Study Tests the Merits of Surge Pricing

Taxi Regulation Reduces Driver Opportunity

Original post date: September 30, 2014 Article by: Ben Douglas For decades, state and local governments have imposed dramatic entry controls on the taxi industry across the United States. These regulatory hurdles benefit established companies at the expense of drivers. Many cities issue "medallions," a permit that grants its owner the legal right the right … Continue reading Taxi Regulation Reduces Driver Opportunity

Do UberX Driveres Really Earn Three Times More than Taxi Drivers?

Original post date: September 16, 2014 Article by: Ben Douglas In May, Uber revealed annual median incomes for UberX drivers in New York and San Francisco of $90,766 and $74,191, respectively. In contrast, 2013 median annual taxi driver incomes in New York and San Francisco are $29,910 and $28,060 according to the Bureau of Labor … Continue reading Do UberX Driveres Really Earn Three Times More than Taxi Drivers?

Entrenched Interests Fight Innovation in Taxi Industry

Original post date: November 19, 2013 Article by: Ben Douglas A revolutionary new smartphone app is changing the nature of the taxicab business, but stiff opposition from entrenched taxi companies risks keeping their innovations from benefiting customers. Uber is a venture-capital funded startup company that provides on-demand taxi and limousine services using cellphones to connect … Continue reading Entrenched Interests Fight Innovation in Taxi Industry